Discuss any two benefits accruing from human capital formation.
Enhanced Productivity: Human capital formation through education, training, and health improves the efficiency and productivity of workers, contributing to economic growth.
Technological Advancement: A skilled and educated workforce fosters innovation and adoption of advanced technologies, leading to improved industrial and economic performance.
Outline and discuss the classification of industries into various categories as per Industrial Policy Resolution, 1956.
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): In the recent past, Indian economy has been facing the problem of jobless growth.
Reason (R): Jobless growth refers to a situation where an economy is able to produce more goods and services without generating additional employment.
The present day rapid industrial growth in China can be traced back to the economic reforms introduced in 1978, where ________ .
(Choose the correct alternative to fill in the blank):
(i) Initially reforms were initiated in agriculture, foreign trade and investment sectors.
(ii) The policy of dual pricing was adopted.
(iii) The Government revoked the policy of Special Economic Zones.
“Depreciation of currency may promote exports of a nation.”
Defend or refute the given statement with valid arguments.